United Tech predicts 2013 earnings, revenue gains

United Technologies Corp. is forecasting earnings just shy of Wall Street's forecast.

Louis Chenevert, the aerospace and building-systems manufacturer's chairman and , gave the outlook Thursday at a meeting with investors in New York.

The latest 2013 earnings projection of $6.15 a share is at the high end of the company's prior range of $6.10 to $6.15.

But analysts polled by FactSet were expecting, on average, full-year earnings per share of $6.16.

United Technologies' 2013 revenue outlook remains about $63 billion, in line with analysts' forecast of $63.1 billion.

For 2014, the company anticipates earnings per share ranging from $6.55 to $6.85.

That's also shy of the $6.86 per share analysts were projecting.

United Technology shares fell 41 cents to $107.68 in extended trading.

© 2013 The Associated Press. All rights reserved.

Citation: United Tech predicts 2013 earnings, revenue gains (2013, December 13) retrieved 23 April 2024 from https://phys.org/news/2013-12-tech-revenue-gains.html
This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only.

Explore further

EBay 1Q revenue grows but falls below estimates

0 shares

Feedback to editors